Monster Beverage Corporation $MNST Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880,061 shares of the company’s stock after buying an additional 95,606 shares during the period. Nordea Investment Management AB owned approximately 0.09% of Monster Beverage worth $67,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its position in Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Monster Beverage during the third quarter worth about $27,000. Harbor Investment Advisory LLC grew its holdings in shares of Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Monster Beverage during the third quarter worth about $29,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.4%

Shares of MNST stock opened at $73.96 on Tuesday. The stock’s 50-day moving average price is $80.00 and its 200 day moving average price is $74.03. The stock has a market capitalization of $72.26 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 2.38 and a beta of 0.44. Monster Beverage Corporation has a 52-week low of $54.73 and a 52-week high of $87.38.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Friday, January 16th. TD Cowen lifted their price target on Monster Beverage from $80.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Jefferies Financial Group boosted their price objective on Monster Beverage from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. The Goldman Sachs Group increased their price objective on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Piper Sandler raised their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $83.95.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.